Share Name Share Symbol Market Type Share ISIN Share Description
St.modwen Properties Plc LSE:SMP London Ordinary Share GB0007291015 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  3.00 0.6% 503.00 501.00 504.00 505.00 492.50 492.50 18,720 13:05:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 433.0 72.4 27.1 18.6 1,119

St.modwen Properties Share Discussion Threads

Showing 101 to 124 of 650 messages
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DateSubjectAuthorDiscuss
13/7/2005
18:52
Why the drastic drop? Anyone know how the presentation went? Is this how the increased dividend is received.
llados
06/7/2005
09:19
I'm thinking it may have peaked. The property market, especially the commercial sector is looking weak with far too many developments chasing far too few businesses. Established sites are changing hands for silly money forcing companies like SMP out towards the speculative edge of development. SMP are exposed because they've bought speculatively at Longbridge & Bristol to name but two & with the loss of their leading light, its hard to see how they're going to come with both a bearish phase and lack of original vision. Quiddy
quidnunc
18/6/2005
18:52
We'll soon be through the £5 barrier at this rate!
boonyed
04/6/2005
11:43
smp and mcalpine have had a good run, eavens above there still rising
mike24
12/5/2005
16:01
Broke through the £4 barrier.....HOORAH!!
boonyed
27/4/2005
07:59
Surely the fact that they own the 500 acre plus Longbridge site is going to boost this share, especially when they fully develop it.
archambos
14/2/2005
07:48
Another record year for St Modwens
mrbt
07/12/2004
12:42
St Modwens plans for Castlegate and Dudley Zoo have now been finalised, the process is now entering the consultation phase. Lets hope this time it gets through to planning!!! BOON
boonyed
21/9/2004
06:11
Yes, very sad news yesterday. A great leader and someone that clearly "made a difference". What a fantastic legacy he has left in business, horse racing and charitable causes.
topvest
20/9/2004
13:01
I have been invested in his company for 8 years or so. I didn't realise Sir Stanley had cancer though. What an excellent legacy this skillful businessman has left.
sammu
19/9/2004
20:32
Sir Stanley Clarke, co-founder of St.Modwen Properties passed away this morning at his home in Barton-under-Needwood in Staffordshire following a long battle against cancer.
boxster rob
04/9/2004
17:45
SIMON: As it seems only you and I have a dialogue on here I have to say it does not look as though SMP is going to go down anywhere near your 200 mark after all. I'm not a great expert at charting but the SMP chart looks to be as if there's going to be a sudden movement - probably in the direction pointed by the April 7th "finger". Also on the 24 and 18 week MACD the signal line looks as though its about to turn upwards
sandbank
25/5/2004
09:59
Well SMP bounced back a bit from the slide - but took a hit with a 25000 share sale this morning. So I'm out too. Looking to get back in though later and lower.
sandbank
17/5/2004
21:12
Looks like it needs to hold 260p or so or it's down to £2 ish looking at the chart. Just because it's always traded at a premium doesn't mean it will in the future. I'll look to get back in again if it goes down to £2ish. Still a very good company.
simonevans
17/5/2004
14:35
SIMON: A well- timed exit! But I don't think SMP's share price will ever get to NAV. It's always at a premium as you know. With inflation stirring, oil rising, gold rising and everything else sliding - property is one of the only safe bets left. I'm still well ahead on SMP even after today's market slide and looking at the day graph I think we've bottomed out (famous last words I know - but as you say, it really is a good company)
sandbank
12/5/2004
20:55
Great company this one, but I have decided to sell. The price looks a bit toppy and the chart has broken down. I bought in at less than a £1 so I've done well on this one. But at £3 when NAV less than £2, it looks fully valued - I am also sceptical that the co. can maintain the development profits that it has achieved over the last few years. Overall, plenty of scope for minor disappointment. Good luck to those that hold though. I'll be back in at closer to NAV if I get the opportunity.
simonevans
24/4/2004
11:58
From The Journal: We're racing ahead say St Modwen. 24 April 2004 The Journal The property company which owns more than a quarter of North-East racecourses Newcastle and Sedgefield has predicted 2004 will be a record year. St Modwen Properties, which owns 27.2pc of the Chepstow Racecourse group, which has nine tracks, said that the current financial year had started well with the company continuing to make good progress. Chairman Sir Stanley Clarke retired from the role at yesterday's annual meeting, when he said St Modwen had secured property profits on sales already completed or exchanged of £22m with an additional £5m in solicitors' hands. He said acquisitions since the financial year-end had increased the annualised rent roll by 10pc to £42.9m. St Modwen has also maintained a growing "hopper", or portfolio, of development opportunities including part of the Llanwern steel works in Wales and the Rover car plant in Longbridge, Birmingham. Sir Stanley said: "Our recent successes in adding to the hopper, together with the increasing values obtained for the residential land produced by our brownfield land regeneration programme, gives us confidence 2004 will be yet another record year."
kjoco
18/4/2004
16:06
I agree with morose.SMP tipped today in the Times as one of the ten must-have best share buys at this time.
hotstuff
16/4/2004
15:20
Wouldn't even think of shorting this successful enterprise. Seems a ludicrous idea to me when there is so many better shorting prospects at the moment. I would say this is a great buy even at current price for the med/long term
morose
14/4/2004
08:28
Looks fairly toppy now given that interest rates are set to rise. Time to short?
matthewa
14/4/2004
08:28
Looks fairly toppy now given that interest rates are set to rise. Time to short?
matthewa
26/2/2004
13:05
It's PE ratio is still fairly competitive and given the great results and future confidence there is a lot more mileage in the price. Don't think this share should be valued on a net asset basis, a view which seems to be recognised by the market given its current price!
stbc
20/2/2004
15:57
Had a good run - but a good chance to get in or top up if it drops a bit more :-)
hilly
20/2/2004
10:48
From today's FT: A rare bird on brownfield sites: St Modwen manages to trade at a premium by holding a store of development projects. 20 February 2004 Financial Times St Modwen Properties is rare among UK listed property companies. It trades at a premium to its net asset value while most of the rest of the industry trades at a discount. The Birmingham-based developer, which specialises in regenerating former industrial or brownfield land, has managed this feat via a deep store of projects, some of which will not be realised for 10-15 years, and all of which it will sell. As a result, it is constantly throwing off cash as one of its projects after another is completed and sold. This week the group reported that pre-tax profit rose 17 per cent to Pounds 35m in its last financial year, to November 30, on the back of 50 transactions. The shares shot up 87 per cent to hit an all-time high of 283p on Wednesday - while its net asset value was 186p. By comparison, the industry trades at an average 19 per cent discount to NAV. Most property companies are valued according to what they would be worth if they were broken up and sold. Triple-net asset value, which has become a common measure of a company's value in a takeover, takes into account the value of a company's assets minus unrealised capital gains. It also takes in the cost of revaluing debt instruments to their market value. The industry also trades at a discount as a result of tax leakage. Property companies pay capital gains tax and corporate tax. Their shareholders also pay capital gains tax on their shares and pay tax at their own individual rate. Anthony Glossop, chief executive, tells investors to value St Modwen as a long-term business rather than according to what it would be worth if it was broken up. He also tells them to consider profits, earnings and cash flow as they would with any non-property company. "If someone offered to buy us for our net asset value, we would roar with laughter. As a development company, I suppose we take on more risk, but we certainly get more rewards." One reason is that it is difficult to determine the current value of a development project, whereas estate agency valuers can more easily calculate what a completed building is worth. According to accounting rules, development property is held on the acquirer's books at cost. The cost of improvements - such as, for example, cleaning up a defunct zinc smelter - are added in. But any subsequent rise in the property's value is not accounted for until it is sold. The company has assets that are probably worth a great deal more than they are recorded on its books - a factor investors appear to be building into the share price. The company has said it is on track to double all of its financial figures in the five years from 2002. St Modwen's projects include regenerating the former Llanwern steelworks in Wales. The developer also owns the Elephant & Castle shopping centre in south London, to be knocked down in regeneration plans for the area.
kjoco
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